Shares of Global Medical REIT Inc. (NYSE:GMRE) have received an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.60.
Several research firms have recently weighed in on GMRE. B. Riley reissued a “buy” rating and issued a $10.50 price objective on shares of Global Medical REIT in a research report on Friday, November 10th. DA Davidson lowered Global Medical REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $11.00 to $10.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Tuesday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price objective on shares of Global Medical REIT in a research report on Friday, September 1st. Finally, FBR & Co reissued a “buy” rating and issued a $10.50 price objective (up from $10.00) on shares of Global Medical REIT in a research report on Monday, September 18th.
Shares of Global Medical REIT (NYSE:GMRE) traded down $0.07 during trading hours on Friday, reaching $9.54. The company had a trading volume of 117,000 shares, compared to its average volume of 130,790. The company has a market cap of $207.44, a price-to-earnings ratio of 24.54, a P/E/G ratio of 3.04 and a beta of -49.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.22 and a current ratio of 0.22. Global Medical REIT has a twelve month low of $7.12 and a twelve month high of $10.25.
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Global Medical REIT Company Profile
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